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CBRE Arranges Sale of 27.4 Acres in the Charleston Tradeport

$7.5 Million Development Triggers Reactivation of Inactive CSX Rail Spur

Charleston,
SC – Nov. 3, 2015 – CBRE
is pleased to announce the recent sale of 27.4 acres at 164 Spring Grove in Moncks
Corner, South Carolina. The property is part of the Charleston Tradeport, a
433-plus acre area of land currently available for heavy industrial development
opportunities in the heart of Berkeley County. The remaining 400 acres available i​n the Charleston Tradeport
boast unparalleled transportation and logistics advantages along with unmatched
incentives Berkeley County offers.

With
a $7.5 million investment, A&R Bulk Pak, Inc., a packaging company, will develop
the site to include a new 240,000-square-foot packaging and distribution facility
including rail storage capacity for over 100 railcars. The transaction marks a planned
reactivation of a CSX rail spur on the property and the first packaging facility
to locate in the Southeast with the intention of utilizing the Gulf Coast for
sourcing plastic resin.

“Oil
price volatility and supply chain diversification are pushing demand for
industrial property with access to rail.” said CBRE Senior Vice President
Robert Barrineau. “This transaction is emblematic of the desire for users to
have access to multiple modes of transportation to help mitigate risk.”

“There
is a great demand for locations where transportation infrastructure, storage
and export capacity are available to support the petrochemical industry,” said
CBRE Research Manager Brian Reed. “Charleston provides all of those to allow
for competitive export pricing with reduced schedule risk.”

“The
success of the Berkeley County industrial corridor can be is attributed to the
highly successful public-private partnerships found here in South Carolina,”
said CBRE Senior Associate Brendan Redeyoff. “The land sale and future
development at the Charleston Tradeport is a direct result of support between
state and county leadership, South Carolina Ports and CSX Railroad. We are excited about the reactivation of the
CSX rail spur and the potential the remaining 400 acres Charleston Tradeport
has to offer.”